Diversified Growth Funds – BGTF5500

Diversified Growth Funds
Assisted Search BGTF5500
Deadline: Tuesday 29th May 2018

A UK investment consultant, specialising in advice to the trustees and sponsors of UK pension schemes, is running a search in CAMRADATA for Diversified Growth Funds. This search is being initiated with the intention of reviewing their current ratings on DGF products and, to also ensure that appropriate funds are not being missed. The most successful managers will be buy rated and form the panel of funds to be used for new diversified growth funds mandate searches that the consultant is appointed to conduct over the next year. All funds being proposed must be listed in CAMRADATA Live, and returns must be up to date i.e. to 31 March 2018.

If you would like to put a vehicle, or a number of vehicles, forward for this search, then you must, in the first instance, contact me with the name of the vehicle that you would like to propose by Tuesday 29th May 2018, and detailed information is to be made available in CAMRADATA Live by this date too..

We no longer allow questions via email. Please post any questions regarding this search onto the CAMRADATA Live ‘Assisted Searches Forum’ and we will endeavour to answer these as quick as possible.

Assisted searches are run on behalf of institutional investors with specific search requirements. You are able to participate in this and all other Assisted Searches if you subscribe to CAMRADATA Live.

Successful managers will be invited to attend a beauty parade on either 19th or 20th June at CAMRADATA’s premises.

Deadline Tuesday 29th May 2018
Asset class Institutional Diversified Growth Fund. Defined benefit and/or defined contribution
Structure Pooled Fund Available – GBP Share Class Set Up – Fund open to new investors
Track record / Establishment The Fund should be over £50m and having a track record of 12 months or more will be advantageous.
Client base Your fund should have at least ten investors with the largest client holding no more than half the fund.
Performance target At least LIBOR +4 or 5% or inflation + 4 or 5%. Funds with LIBOR +3% (or less) will not be considered.
Investment The fund should be able to accept mandates of £5m or lower. We are keen to hear whether smaller initial investments will be accepted, either as standard or as a one-off consideration.
Fee level For the provision of services appropriate for defined contribution schemes we are interested in Funds that have a TER of 0.75% pa or less.  However, for DB mandates we will consider funds with fee levels that are above this level. The chosen managers will be required to offer preferred terms for investments via platforms.

1.    How many institutional investors are within the fund ( state number)  and what % holding does the largest client have?

2.    Can you provide details of whether smaller initial investments will be accepted, either as standard or as a one-off consideration.

3.    Please outline TER for DC schemes.

4.    Please outline fees for DB schemes.

5.       Please outline your preferred terms for investments via platforms, if any.